Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

May 2018 New Vehicle Registrations Up

May 2018 New Vehicle Registrations Up on the back of Pre-Field Day Specials

David Crawford, Chief Executive Officer of the Motor Industry Association says “May 2018 new vehicle registrations of 14,169 vehicles were up 7.9% (1,037 units) on May 2017 on the back of pre-field day specials and is the strongest month of May on record. Year to date, the market is up by 2.7% (1,741 units) compared to the first five months of 2017.”

Registrations of 9,276 passenger and SUV vehicles for the month of May were up sharply on May 2017, an increase of 10.5% (889 units) and registrations of 4,893 commercial vehicles were up 3.0% (148 units) on May 2017.”

Toyota remains the overall market leader with 18% market share (2,569 units), followed by Ford with 11% (1,619 units) and Mazda with 8% market share (1,076 units).

Toyota regained the market lead for passenger and SUV registrations with 19% market share (1,779 units) followed by Mazda with 9% (879 units) and Hyundai also with 9% market share (831 units).

In the commercial sector, Ford retained the market lead with 23% market share (1,132 units) followed by Toyota with 16% (790 units) and Nissan with 10% market share (466 units).

Four of the top five selling models for the month of May were light commercial vehicles with the Toyota Highlander splitting the list in third spot. The Ford Ranger was back at the top of the bestselling vehicle model table with 1,017 units. This was followed by the Toyota Hilux with 582 units and the Toyota Highlander with 467 units.

The SUV Medium segment came in as the top segment for the month of May with 16% market share. This was closely followed by the Pick Up/Chassis Cab 4x4 also with 15% of the market, and the SUV Large with 15% market share. The top five segments were all light commercial vehicles and SUV’s, reflecting the ongoing popularity of these vehicles. SUV’s accounted for 43% total market share and light commercials 30% reflecting the continuing shift in purchasing patterns.

“The market for new vehicles continues to operate at historically high levels with registrations underpinned by a range of positive economic factors and a wide choice of models at competitive prices” said Mr Crawford.


ENDS.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Retail: Post-Lockdown Retail Card Spending Picks Up

The rise in retail card spending was boosted by sales of furniture, hardware, and appliances, Stats NZ said today. “For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after ... More>>


Contact: Business Drops, New Generation On Hold

New Zealand’s second-largest energy company Contact Energy (‘Contact’) released its full year financial results for the 12 months to 30 June 2020 (‘FY20’) this morning. More>>

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>

ALSO:

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>

ALSO:

QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO: